TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 35 years. As much as we have accomplished over the last three decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.

Localism

Real Estate is
a local business.

No, really.

We don’t fly in. We live here.

David CropperDirector of Development

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for over three decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.

Regionalism

We Think Mega

If we try to solve our land use problems by focusing only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & CEO

As the Bay Area’s economy has grown over the last three decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.

Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldChief Investment Officer

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 35 years of market cycles that works in all phases and has withstood the sands of time.

Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.

Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.

Dolby Laboratories says it will move its headquarters to the Mid-Market neighborhood, continuing the transformation of a neighborhood that is becoming a new technology hub.

The audio technology provider said Tuesday that it plans to purchase the building at 1275 Market St. from DivcoWest. The purchase price is $110 million.

The building, which sits a few hundred feet from the new Twitter headquarters near Ninth and Market streets, was formerly occupied by the State Compensation Insurance Fund.

DivcoWest and TMG Partners acquired the 354,000-square-foot building from the fund in October for $44 million, according to the San Francisco Business Times.

Representatives said the new sale price reflects a retrofitting of the building that is under way.

Dolby, which has about 700 Bay Area employees working in three San Francisco offices, will consolidate most of its operations into the new headquarters, CEO Kevin Yeaman said. Its current headquarters at 100 Potrero Ave. will continue be used as an adjunct to the new headquarters, he said.

The company is making the move despite not receiving financial incentives from the city. Its new headquarters lies a bit outside of the Mid-Market area where companies are eligible for a temporary exemption from the city's payroll tax.

"We're actually excited to be a part of the Mid-Market area," Yeaman said. "There are a lot of exciting things going on there. It's an opportunity to get in on the ground floor of a very exciting neighborhood."

In addition to Twitter, technology companies that have moved into the area recently include Zendesk, Zoosk, One Kings Lane and CallSocket.

"They're going to be adding to our whole strategy around Market Street," Mayor Ed Lee said. "They're a good San Francisco company. They mean to grow here and be here for the long term."

The building will be renovated before employees start moving in, probably in the next year to 18 months, city officials said. Renovation plans are in the early design phase, Yeaman said.

Founded by Ray Dolby in Britain in 1965, the company moved to San Francisco in 1976. Its products include surround-sound systems and technology that encodes and compresses audio.

"We are excited about Dolby Laboratories' continuing and growing presence in the city and its contribution to revitalizing the Mid-Market area," Dolby said in a statement.